It's flash PMI day in Europe. From 8.00 a.m GMT
(3.00 a.m. ET), we'll be getting early readings of manufacturing,
service sector, and overall economic growth in France and Germany
in January, as well as final growth figures for the Eurozone as a
whole in December.

Mario Draghi is speaking at Davos. The European
Central Bank President's speech will be closely watched, after
comments yesterday on interest rates and stimulus
helped pick global markets off the canvas. Draghi is
scheduled to speak at the World Economic Forum's conference at
7.45 a.m. (2.45 a.m.).

Hedge fund billionaire George Soros is pretty
bearish. "We are repeating [2008]," Soros said during
the World Economic Forum in Davos, Switzerland,
in an interview with Bloomberg TV.

The Russian Central Bank summoned bank chiefs on Thursday
evening after the ruble plummeted to new record lows against the
dollar. Central bank chief Elvira Nabiullina has
cancelled her trip to the World Economic Forum in Davos in the
wake of the collapse. "The Bank of Russia held a working meeting
with the leadership of banking associations and several banks
regarding the conditions and prospects of banks' crediting of the
economy in 2016,"
the central bank said in a statement.

Google's Android operating system has generated revenue
of $31 billion (£21.7 billion) and profit of $22 billion (£15.4
billion), Bloomberg reported, citing a statement made by an
Oracle Corp lawyer in court. Google's parent company
Alphabet said the disclosures should not have been made public,
Bloomberg reported on Thursday